05Oct2016 Pre-Market Commentary: US Markets To Open Fractionally Higher And Then Slip, Crude Prices Higher Working Against A Higher SP 500, US Dollar Still Testing Resistance And Gold Stopped Fall

U.S. stock index futures pointed to a marginally higher open (SPY +0.7%) this morning morning and then slipping into negative territory. European and U.K. stocks are broadly lower in mid-morning trade and Asian shares ended mostly lower. Crude prices rallied to the highest level since June and Gold prices inched up.